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Author Topic: The excitement is over, what's next?  (Read 872 times)
Naida_BR
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May 17, 2020, 07:46:21 AM
 #81

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.

There are a lot of people that do not wait for the price to go higher than 10k.
We reached two times this level once before the halving to happen and one after. In both times people started selling and the price dropped significantly. We have to wait for a new resistance level to be created.
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May 17, 2020, 08:41:13 AM
 #82

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.

Depending on how you see it.

Sometimes as an investor, we are looking the same thing but we are seeing it differently, and just like a trader, we may have different interpretation on the current price movement, that's why its called a guessing game as no clear sign but we keep guessing.

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May 17, 2020, 10:16:29 AM
 #83

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.

Depending on how you see it.

Sometimes as an investor, we are looking the same thing but we are seeing it differently, and just like a trader, we may have different interpretation on the current price movement, that's why its called a guessing game as no clear sign but we keep guessing.

   It's a guessing game for traders and speculators, for us long-term holders it's just daily volatility! I don't bother
myself with that, and I don't agree with the headline! Excitement is not over, in crypto-currencies you have big
rises and drops every month, but this halving made many people to excited, in my opinion it's just FOMO. Most
of us here that true excitement will be next year.



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May 17, 2020, 10:47:11 AM
 #84

Quote
South China Sea


is international waters, its China who is making proactive moves in that situation.   Might be a good analogy for the wider picture, whether USA realises or not they benefit from the status quo and so are unlikely to change it.  However factors like this virus are natural and reoccuring inevitable events that upset the order.   Its probable China does something sooner or later and hence thats the excitement of another type on a macro time frame.   This year I dont see as that exciting vs the ones after.

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May 17, 2020, 01:32:26 PM
 #85

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.
don't expect too much for bitcoin right now, because maybe the price of bitcoin is in that zone,
it's better to see altcoin. And enter to the altcoin now
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May 17, 2020, 01:43:22 PM
 #86

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.

These are the key levels and sooner or later bitcoin will move up or down from these levels. I do hope that it moves up and crosses the 10K level but i don't see much TA / FA which supports this. I think bitcoin might move and test 7.8-8K level and then start another move upwards.









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May 17, 2020, 01:56:30 PM
 #87

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.

These are the key levels and sooner or later bitcoin will move up or down from these levels. I do hope that it moves up and crosses the 10K level but i don't see much TA / FA which supports this. I think bitcoin might move and test 7.8-8K level and then start another move upwards.

There are certain things what we can call surprise and bitcoin always doing that to us so although there's no support for now but provably the demand will rise since remember we are still on halving which creates a hype and .any people monitoring the price so we should expect that there are good things will happen these days.

R


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May 17, 2020, 02:10:05 PM
 #88

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.
don't expect too much for bitcoin right now, because maybe the price of bitcoin is in that zone,
it's better to see altcoin. And enter to the altcoin now
are you joking?you are pushing people to invest in altcoin instead of Bitcoin
 specially in halving season?Of course still Bitcoin is the
 best for investing and may the altcoin is added in case we needed to
 decide buying.Look now Bitcoin is starting to rise again
 pricing $9,700 and more we might not see that 10,000$ again and besides
 this is halving season and eyes are for bitcoin first to
growth before altcoins.so before investing in alts better think of it first to at
 least make bet on bitcoin
and just add some altcoins.

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May 17, 2020, 02:16:15 PM
 #89

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.

Depending on how you see it.

Sometimes as an investor, we are looking the same thing but we are seeing it differently, and just like a trader, we may have different interpretation on the current price movement, that's why its called a guessing game as no clear sign but we keep guessing.
Price keep dancing on a particular price range for longer is the best time for a trader to get into their skill play.Only in long term we yet to find how the price get moved in my opinion it will be stagnant for a while then it will be pushed upwards towards end of this year.

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May 17, 2020, 02:25:51 PM
 #90

I will favor more discount. because if you look at the chart of BTC it has grown continuously on the weekly candle and I have never seen this happen. that will lead to overbought and a correction in prices will take place soon. We should accumulate USDT and wait for the price of bitcoin to fall to around $ 8k7 and $ 8k2 to buy.
It was expected to have that market correction after a few pumps. In fact, we drop below $9k during halving but look at how it changes after the dump? We are already heading up to $10k which I think it was the effect of the decreasing numbers of miner today. It was in a big opposite scenario which I think that it decreases as hash rates are slowing down.
Anyway, it was looking great but I'm not really confident that this will lead to bullish, instead, I was thinking price manipulation with the miners. I hope I was wrong...
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May 17, 2020, 06:33:14 PM
 #91

By around 2021 we are going to have another hype out of nowhere and that is when people will realize why the excitement could still continue forever. This wasn't one time deal, I am really shocked that bitcoin wasn't even going higher, I was expecting over 20k because bitcoin is a lot more valuable right now. Do you understand how valuable it is that we are not making as much bitcoin per day as we used to?

There will be a moment when bitcoin will be a lot more valuable because people are not making as much bitcoin as they used to from mining yet the price is not really that much. Are they still making a profit? If they have low bills and the cost is low, plus they need a good machine that is newer as well, if all of those really happens I am sure they still profit but they used to make a lot more.
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May 17, 2020, 07:37:10 PM
 #92

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.
I guess price will stay on this range for quiet long time till the economy catches up to the losses and again starts to grow. Till then I believe the price will stay in this range plus minus $500.
Also most of the people who had to sell their bitcoins  have already sold them and now as the lockdown is slowly lifting off with some restrictions the people will start accumulating again in a few months or so.

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May 17, 2020, 08:54:00 PM
 #93

To my opinion the price will continue to fluctuate.
I don't expect that it crosses 10000$ barrier, at least not so soon.
Many are disappointed because halving didn't bring ecpected huge price growth but if you ask me that wasn't even realistic. For a while price might stay in the range of 8000$ to 9000$ and how it will move on this time will not depend only on developments in crypto market but also how the global crisis will develope.

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May 17, 2020, 09:50:50 PM
 #94

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.

 Grin Do you think that a situation is possible when there is a "clear" signal where the price will go? This is a market, and here there are a lot of completely different factors that cannot be predicted/calculated. And as you can see, the price was already above 10k and after that it just as easily dropped below this level of "support".

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May 17, 2020, 10:07:01 PM
 #95

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.

 Grin Do you think that a situation is possible when there is a "clear" signal where the price will go? This is a market, and here there are a lot of completely different factors that cannot be predicted/calculated. And as you can see, the price was already above 10k and after that it just as easily dropped below this level of "support".

As I said still I don't get a signal whether the price will move up or down since it just hanging in the price region.I thought we will go back $8000 immediately after the halving but it is yet to happen so still waiting for the price movement in the coming week. Hope it will be a green signal. Smiley

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May 18, 2020, 04:26:45 AM
 #96

Quote
South China Sea


is international waters, its China who is making proactive moves in that situation.   Might be a good analogy for the wider picture, whether USA realises or not they benefit from the status quo and so are unlikely to change it.  However factors like this virus are natural and reoccuring inevitable events that upset the order.   Its probable China does something sooner or later and hence thats the excitement of another type on a macro time frame.   This year I dont see as that exciting vs the ones after.

However, what is the status quo for China? A large area of the South China Sea is not international waters according to China's 9 dash line claim.

Also, your post is confusing. What is your point?

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May 18, 2020, 10:02:23 PM
 #97

Grin Do you think that a situation is possible when there is a "clear" signal where the price will go? This is a market, and here there are a lot of completely different factors that cannot be predicted/calculated. And as you can see, the price was already above 10k and after that it just as easily dropped below this level of "support".

As I said still I don't get a signal whether the price will move up or down since it just hanging in the price region.I thought we will go back $8000 immediately after the halving but it is yet to happen so still waiting for the price movement in the coming week. Hope it will be a green signal. Smiley

So, do you expect significant growth only after a temporary drop to 8k? Correct me if I misunderstood you. In any case, fluctuations in the range of 5-13k in whatever order they occur will not be something special. We have seen many such movements even without events like a halving.

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May 18, 2020, 11:27:28 PM
 #98

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.

Depending on how you see it.

Sometimes as an investor, we are looking the same thing but we are seeing it differently, and just like a trader, we may have different interpretation on the current price movement, that's why its called a guessing game as no clear sign but we keep guessing.

   It's a guessing game for traders and speculators, for us long-term holders it's just daily volatility! I don't bother
myself with that, and I don't agree with the headline! Excitement is not over, in crypto-currencies you have big
rises and drops every month, but this halving made many people to excited, in my opinion it's just FOMO. Most
of us here that true excitement will be next year.

That's just a small FOMO if there is really a FOMO, we've surpass that $10,000 already last year, so it's not a big thing that we rise at that level and therefore bitcoin is not likely going to dump, it might be stable this year but hopefully there's some big improvement we will see this year from last year.

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carlisle1
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May 19, 2020, 07:47:29 AM
 #99

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.

Depending on how you see it.

Sometimes as an investor, we are looking the same thing but we are seeing it differently, and just like a trader, we may have different interpretation on the current price movement, that's why its called a guessing game as no clear sign but we keep guessing.

   It's a guessing game for traders and speculators, for us long-term holders it's just daily volatility! I don't bother
myself with that, and I don't agree with the headline! Excitement is not over, in crypto-currencies you have big
rises and drops every month, but this halving made many people to excited, in my opinion it's just FOMO. Most
of us here that true excitement will be next year.

That's just a small FOMO if there is really a FOMO, we've surpass that $10,000 already last year, so it's not a big thing that we rise at that level and therefore bitcoin is not likely going to dump, it might be stable this year but hopefully there's some big improvement we will see this year from last year.
Lets be clear about how much we have gained last year and that is $14,000 and not just 10,000 so this amount is only peanut if the market really needs to pump this year again specially with us having the Halving effect.
Quote
South China Sea


is international waters, its China who is making proactive moves in that situation.   Might be a good analogy for the wider picture, whether USA realises or not they benefit from the status quo and so are unlikely to change it.  However factors like this virus are natural and reoccuring inevitable events that upset the order.   Its probable China does something sooner or later and hence thats the excitement of another type on a macro time frame.   This year I dont see as that exciting vs the ones after.

However, what is the status quo for China? A large area of the South China Sea is not international waters according to China's 9 dash line claim.

Also, your post is confusing. What is your point?
So many countries that claiming in that part one of them is my country ,so this issue can be tackled via international law and body not here in forum lol.
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May 19, 2020, 09:32:49 AM
 #100

Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.

 Grin Do you think that a situation is possible when there is a "clear" signal where the price will go? This is a market, and here there are a lot of completely different factors that cannot be predicted/calculated. And as you can see, the price was already above 10k and after that it just as easily dropped below this level of "support".

As I said still I don't get a signal whether the price will move up or down since it just hanging in the price region.I thought we will go back $8000 immediately after the halving but it is yet to happen so still waiting for the price movement in the coming week. Hope it will be a green signal. Smiley

Breaking the $10,000 resistance maybe a clear signal for you right? Since Bitcoin is struggling to break that figure base on the price movements from the past couple of days going back and forth from that specific range you've mentioned.
Still, the market remains unpredictable even If it will break the resistance or fall to a support level.

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